early to engage · research has shown that successful recognition programs can positively affect...
Post on 09-Jul-2020
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Publ ic Sect or7.8 years
Leisure & Hospital ity2.4 years
Average Job Tenure4.6 years
Early Recognition The act of recognizing employees early in their
careers to encourage engagement, retention, and a meaningful connection to
organizational goals.
Retaining employees within the first five years of service can be a challenge. According
to the Bureau of Labor Statistics, the average job tenure of American workers across all
industries is 4.6 years, with the highest levels of retention occurring in the public sector
(7.8 years) and the lowest in Leisure and Hospitality services (2.4 years). Millennial workers
aged 25-34 reported the lowest overall average tenure of 3.2 years.1
1 Employee tenure in 2012: USBLS www.mcfrecognition.com
IN LIGHT OF THESE TRENDS, it is surprising to find in a recent survey that
while an overwhelming majority of organizations (91%) utilize reward and recognition programs
to honor tenure-based awards, only 12% include an Early Recognition element. 2
91%o f o rg a n i z a t i o n s u t i l i z e
Rewards & Recognition P R O G R A M S
12%of organizat ions inc l u d e
Ear l y RecognitionP R O G R A M S
2 Accelir Rewards & Recognition 2014 Trends Report
Habits of a Highly Effective Early Recognition Program The impact of Early Recognition can be far-reaching when used strategically.
While onboarding programs are typically short-lived and gift-centric, Early
Recognition programs focus on the employee’s long-term growth and
development, creating a deeper connection with the organization. Listed
below are the 7 habits of a highly effective Early Recognition program.
1 HAVE A LONG-TERM PLAN
2 INVOLVE SENIOR LEADERS
3 ENCOURAGE COACHING AND DEVELOPMENT
4 CREATE A SUPPORTIVE ENVIRONMENT
5 ENGAGE ON A PERSONAL LEVEL
6 RECOGNIZE EMPLOYEES EARLIER IN THEIR TENURE
7 THINK BEYOND THE REWARDS
www.mcfrecognition.com
HAVE A LONG-TERM PLAN
Most Onboarding Initiatives only focus on the first 30 days. A 6-12 month
Early Recognition period provides enough
time to set benchmarks, track progress,
and implement a development strategy.
1
www.mcfrecognition.com
INVOLVE SENIOR LEADERS
It is No Secret T hata positive correlation exists between senior leaders’ support
for recognition and the success of their programs. Actively
involve senior leaders in the program. Have them send
personal welcome emails, introduce themselves, and include
them in employee celebrations.
Welcome
2
3 ENCOURAGE COACHING &DEVELOPMENT
Set Ind iv idual G oals,see the results, and continually coach the employee
to develop his or her strengths and interests
within the organization. The new employee
is driven to grow their skill set and
contributions, adding value back to
the organization.
www.mcfrecognition.com
CREATE A SUPPORTIVE ENVIRONMENT
New Employees Wil l Engage with the C orporateculture much quicker when working in a supportive environment. An achievement-based award
system encourages employees to recognize each other early and often. An award certificate related
to your core values or a “welcome aboard” message sent from a colleague are simple, cost-effective
methods for getting new employees involved in the recognition culture.
4
ENGAGE ON A PERSONAL LEVEL
A C ulture of Recognit ioncannot persist on technology alone. New hires
have questions, and often do not verbalize
them. Be sure your managers are
personally engaging new employees
early on. The sooner their questions
are answered, the sooner they
become engaged in their work.
5
www.mcfrecognition.com
67% of HR Professionals Surveyed in Accelir’s Rewards & Recognition 2014 Trends Report feel that employees
should be recognized for their first year of service at the very least.3 Providing
some form of meaningful recognition early in an employee’s career acclimates
them to the recognition culture quickly, and seeing it happen for every new hire
has a residual positive effect on the entire workforce.
3 Accelir Rewards & Recognition 2014 Trends Report
RECOGNIZE EMPLOYEES EARLIER IN THEIR TENURE
6
THINK BEYOND THE REWARDS
than tangible rewards to feel engaged and
connected to the organization. Gifts only go
so far - employees need to feel that their
work and contributions are respected.
Take every opportunity to praise your
new hires for their good work in
front of peers, and be sure to offer
regular feedback.
7
www.mcfrecognition.com
4 Gallup Q12 Survey
Research Has Shown That Successfulrecognition programs can positively affect productivity, employee turnover,
profit, and customer satisfaction ratings.4. Early Recognition is an impactful
and cost-effective tool to combat low retention rates, but it can only reap
benefits when supported by a salient recognition strategy that ensures the
program remains valued by employees.
THE BOTTOM
LINE
www.mcfrecognition.com
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